MUMBAI, Sept. 23 -- Ultraviolette Automotive has raised $85 million, or approximately Rs.807 crore, in a funding round led by deep-tech funds Yali Capital and TDK Ventures, as the electric motorcycle maker looks to scale production, develop new products and expand internationally, its co-founders told Mint.

The fresh capital will support the development of Ultraviolette's next generation of global electric vehicle (EV) platforms. The company is currently focused on its existing F77 and X-47 motorcycles, alongside two upcoming products, the Tesseract and Shockwave.

Mint reported earlier this month that Ultraviolette was stitching together the round led by Yali Capital, alongside existing investors including Speciale Invest and TDK Ventur...